@CapitalFMNews

UAP Holdings grows profits by 45pc in 2017 propped by rental income

5 days ago, 16:14

By: Kennedy Kangethe

hief Executive Peter Mwangi says stable returns from fixed income and an increase in rental income from the firm’s properties contributed to a 27. 9 percent increase in investment income. The firms’ net earned premium, however, remained flat compared to same period 2017 at Sh15.4 billion while net claims went down by 4.5 percent to Sh9.3 billion “The combination of improved underwriting and solid investment returns culminated in a substantial increase in our profits, we are glad that our financi ... Read More

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@CapitalFMNews

UAP Holdings grows profits by 45pc in 2017 propped by rental income

5 days ago, 16:14

By: Kennedy Kangethehief Executive Peter Mwangi says stable returns from fixed income and an increase in rental income from the firm’s properties contributed to a 27. 9 percent increase in investment income. The firms’ net earned premium, however, remained flat compared to same period 2017 at Sh15.4 billion while net claims went down by 4.5 percent to Sh9.3 billion “The combination of improved underwriting and solid investment returns culminated in a substantial increase in our profits, we are glad that our financi ... Read More

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Kenyans will now pay 0.5 per cent less on all commercial loans following a revision of the policy rate from 10 to 9.5 per cent, meaning Kenyans will pay 13.5 per cent on loans compared to the 14 per c ...

The government’s thirst for infrastructure projects has sparked price and quality wars among cement manufactures.Devki Group chairperson Narendra Raval attributed the war to increasing inflow of subst ...

Insurance firms recorded significant growth during the fourth quarter of 2017, signalling tenacity in what most sectors have described as a tough economic environment.Data from the Insurance Regulator ...

Standard Chartered Bank last week launched its first digital bank in Africa.The bank, based in Côte d’Ivoire will have its digital services which range from opening a bank account to making a transact ...